In Depth: Australia's green progress may be 'hard to reverse'

Australian opposition leader Tony Abbott’s undertaking to repeal the ruling Labor party’s carbon-pricing scheme and legislation governing A$10bn ($10bn) of renewable energy funding if his Coalition wins the next election may prove difficult and costly, analysts say.

In October 2011, Abbott made a “pledge in blood” to repeal the carbon pricing mechanism as it passed through Parliament with the support of one Australian Green MP and three independents.

Under the legislation about 250 Australian corporations – including electricity generators, miners and some large regional authorities – must pay A$23 per tonne of carbon dioxide emitted from 1 July. The scheme moves to a fully blown emission trading scheme (ETS) in 2015.

Labor, which has consistently polled 27-32% in public opinion polls, compared with the Coalition’s 47-50%, must call an election Log in to read complete article.

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